TMGM Spreads, Fees, and Commissions

Written by Zornitsa Stefanova

Zornitsa Stefanova

Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.

, | Updated: December 10, 2025

Established in 2013, TMGM is an Aussie broker that caters to Australians and international traders alike. Its cost structure is centered around two main account types, Classic and Edge, with the former being the broker’s commission-free offering. Individuals interested in lower spreads, on the other hand, can go with Edge and enjoy spreads from 0.0 pips. Cent trading is also available for risk-averse FX devotees.

In this review, we will thoroughly examine TMGM’s trading costs, including the aforementioned spreads, the overnight fees, and the charges Muslim traders will be subject to if they open an Islamic account. We will also focus on how TMGM performs in terms of its non-trading fees.

TMGM Trading Costs

As established, TMGM’s trading fees vary depending on the account type you have chosen. The Classic account is generally considered suitable for beginners, seeing as the costs are built into the spread. A commission-based account dubbed Edge, meanwhile, is an option for cost-conscious traders who would like to trade with lower spreads and do not mind paying a separate commission.

Standard Account Trading Costs

TMGM’s Classic account features spreads starting from 1 pip. There are no additional commissions attached to trades if you are using this account type, which makes it very easy to ascertain how much a given trade will cost.

At TMGM, trading the EUR/USD pair can involve a spread of 1.1 pips. The exact costs of the trade will be dependent on its size, i.e., whether you are using micro lots or standard lots. The former involves 1,000 currency units, meaning one pip movement equals $0.10 (in losses or profits). To find the costs involving a specific pair, we simply need to multiply its spread by 0.10. For example, the cost per micro lot when trading the EUR/USD with the above spread will amount to $0.11:

• Spreads – 1.1 pips
• Spread cost – 1.1 x 0.10 = $0.11
• Commission – $0
• TOTAL COST – $0.11 + $0 = $0.11

You may also choose to trade with standard lots, i.e., 100,000 currency units. In this case, price fluctuations of a single pip will result in costs or profits of $10. Therefore, the EUR/USD cost per standard lot would be $11.

* The spreads are floating and may not reflect current market spreads
** All pairs’ costs are expressed in USD

Edge Account Trading Costs

The other main account type available at TMGM is the Edge account. If you opt for this account type, you will need to pay a round-turn commission of $7 when trading currency pairs, or $3.5 per side. When trading with micro lots (1,000 currency units), the commission size stands at $0.035 per side.

It should be noted that, depending on how low the spread of a given pair drops, you may only need to pay the commission amount in the end. This is the case when trading EUR/USD with micro and standard lots alike:

EUR/USD Micro Lot Cost:

• Spreads – 0.0 pips
• Spread cost – 0.0 x 0.10 = $0
• Commission – $0.035
• TOTAL COST – $0 + $0.035 = $0.035

EUR/USD Standard Lot Cost:

• Spreads – 0.0 pips
• Spread cost – 0.0 x 10 = $0
• Commission – $3.5
• TOTAL COST – $0 + $3.5 = $3.5

* The spreads are floating and may not reflect current market spreads
** All pairs’ costs are expressed in USD

We can now compare the costs* between both account types:

* All pairs’ costs are expressed in USD

The above demonstrates the core difference between Classic and Edge accounts. Namely, how even when we account for the commission, the trading costs of trading currency pairs still total far lower for Edge users.

We should also note that the commissions vary depending on the instrument. Namely, TMGM’s selection of precious metals can be traded with commissions of just $5 (per standard lot, per round turn), making for a commission per side of $2.5.

TMGM Overnight Funding Costs

Traders who plan on keeping their positions open overnight will need to keep in mind that rollover rates will be relevant. The same applies to trading at TMGM. Swap rates can be positive or negative, and traders can either pay interest or earn it. They also change on a daily basis.

There are two “Triple Swap Days” on the platform, which respectively affect different instrument types. When it comes to forex and metals, swap rates are tripled on Wednesdays. As for other products, the triple day is Friday.

Below, you can observe the swap rates applied to long and short positions as of December 2, 2025:

Swap-Free Trading Costs at TMGM

TMGM’s account selection includes Islamic Accounts, which cater to the needs of Muslim traders. Users who open such an account are exempt from paying or earning interest, and instead, they simply need to pay fixed admin fees. The broker has also implemented a 5-day grace period, after which the charges kick in.

Both Edge and Classic accounts can be made swap-free upon request. We should stress that if you have multiple accounts and request that one be switched to swap-free trading, all of them will be converted into Islamic accounts. Requests made by TMGM’s Introducing Broker are the one exception.

The costs differ depending on the instrument. Forex majors come with financing charges of $2, while non-majors can have fees of either $5, $10, or $20. Indices and energy commodities’ fees, meanwhile, stand at $10.

TMGM Non-Trading Costs

Traders will be pleased to learn that TMGM’s non-trading fees will not break the bank. We should first stress that the broker does not charge its users for creating a demo account, meaning beginners or seasoned traders who are looking to try out the broker before committing with real-money deposits can do so completely for free.

If you are looking to open an Edge or Classic live account, you will also be able to do so without paying anything in the form of charges. However, we should stress that when you fund your balance, you will typically need to deposit $100 or more due to TMGM’s minimum deposit requirements.

Speaking of which, deposit transactions are fee-free at TMGM. The broker levies no fees when it comes to withdrawals either. Still, it is advised that you check your payment processor’s own policies regarding online transactions, and you may incur charges from them.

If you become a TMGM user, you may also be entitled to a complimentary virtual private server (VPS) subscription. Courtesy of ForexVPS.com, the service is free for users who trade at least 7 lots before the month-end, and it boasts 1ms latency, 100% uptime, SSD storage, and swift setup that will take no longer than 15 minutes.

The VPS is more suitable for advanced traders, however, as you will need to deposit either $3,000 (Basic) or $20,000 (High Frequency) in order to be eligible for the offer. It should also be noted that ForexVPS.com’s paid plans start from $35 a month for clients who cannot use the service for free, and can jump to $75 with the highest plan with monthly billing. Clients who are billed on a yearly basis pay between $28 and $60 a month.

Last but not least, individuals who tend to take long-term breaks from trading should keep in mind that TMGM charges an inactivity fee. It stands at $30, and it is charged on a monthly basis after a user’s account has been inactive for six months.

Closing Thoughts on TMGM Fees

Overall, TMGM offers favorable trading conditions to its clients. Its spread costs are relatively low when it comes to forex and are overall competitive, although the commission of $3.5 per side is higher than that of some competitors whose commissions stand at $3 or lower. Still, this option is cheaper compared to the broker’s Classic account, where trading fees are included in the spread.

There are no account creation fees, and transactions (deposits and withdrawals alike) do not result in additional fees from the broker. TMGM does charge (or pay) swap fees, but it has not neglected to take into consideration Muslim traders who can use Islamic accounts. These users need to pay financing charges instead.

Written by Z. Stefanova